TIAA Bank Non-Profit Checking Review
TIAA Bank Non-Profit Checking is offered by TIAA Bank,
founded in 1918 and based in New York, NY.
TIAA Bank Non-Profit Checking is available in
50 states (and Washington, DC).
- Higher than average APY. TIAA Bank Non-Profit Checking has an annual percentage yield of up to 0.10%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $0.01.
- Charges a monthly fee. This account charges a monthly service fee of up to $14.95, but the fee is waived if you keep a minimum balance of $5,000.
- Large minimum initial deposit. You need a minimum deposit of $1,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
- Bill pay. Pay your bills to practically anyone in the United States through TIAA Bank.
TIAA Bank Non-Profit Checking Pros & Cons
- Available in all 50 states.
- Interest-yielding account.
- Access to physical branches.
- Free debit card and the option to lock/unlock the card if lost or stolen
- Access to a nationwide network of ATMs.
- No charge on incoming domestic or international wire transfers.
- No signup bonus.
- Does not offer mobile check deposits.
- Higher than average wire transfer fees.
- Monthly service charge.
TIAA Bank Non-Profit Checking FAQ
Are business checking accounts from TIAA Bank federally insured?
Yes, your TIAA Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does TIAA Bank Non-Profit Checking offer?
TIAA Bank Non-Profit Checking Rates & Terms
|APY (Annual Percentage Yield)
TIAA Bank Non-Profit Checking offers an APY of 0.10% (APY stands for annual percentage yield, rates may change).
However, to earn interest you must keep a minimum balance of $0.01.
What are the account minimums for TIAA Bank Non-Profit Checking?
TIAA Bank Non-Profit Checking requires a minimum initial deposit of $1,500 to open an account.
TIAA Bank Non-Profit Checking Account Minimums
|Minimum Initial Deposit
|APY Minimum Balance
|Minimum Balance to Avoid Monthly Fee
What fees does TIAA Bank Non-Profit Checking charge?
This account charges a monthly maintenance fee of up to $14.95.
TIAA Bank Non-Profit Checking Fees
|ATM Fee: In-Network
|Debit Card Replacement Fee
|Foreign Transaction Fee (Debit Card)
||$0 - $14.95
|Online Bill Pay Fee
|Paper Statement Fee
|Returned Deposit Fee (Domestic)
|Returned Deposit Fee (International)
|Stop Payment Fee
|Wire Transfer Fee - Domestic (Incoming)
|Wire Transfer Fee - Domestic (Outgoing)
|Wire Transfer Fee - International (Incoming)
|Wire Transfer Fee - International (Outgoing)
What features and perks does TIAA Bank Non-Profit Checking offer?
This account includes the following features:
- Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
- Fraud monitoring - TIAA Bank Non-Profit Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - TIAA Bank Non-Profit Checking allows you to manage your money online.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website
may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking
on links posted on this website.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.